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10 August 2010, 03:05 PM | #1 |
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Rumor from AD
Yet again there is another "scoop" the AD shared with me today.
I was told that Rolex would be scaling back the production of stainless steel models, and producing more out of precious metal. They explained that the SS models didn't fetch the desired prices, and the gold models would be more sought after. I looked around at the inventory, and had a confused look on my face. There are so many new models for every taste, and budget. The smaller ladies models in stainless were made with many variations. The turnograph, date just, explorer, submariner c, DSSD, and the list goes on. Those are only a few years from their Basel release. Why would they chop those from the line up? I looked at every watch in the store again, and noticed plenty of rose gold models, white gold models, and also platinum. Stainless steel was surely a money maker compaired to the production cost. No precious metal keeps the cost low, while the prices increase on the sticker. I didn't really know what to make of the comment, but hope Rolex doesn't abandon stainless steel any time soon. |
10 August 2010, 03:10 PM | #2 |
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Paul the SS Sports models sell faster and are cheaper so that is why you don't find many left...they are the bread and butter of the line...
Also the ADs place an order from Rolex and they will not know what they're getting up until it's on it's way... One more thing to keep in mind, Rolex was down for about 3 weeks for the summer vacation... and at that time ADs don't get much of new watches.
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10 August 2010, 03:13 PM | #3 |
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Making my new SUB C into a "Smurf"
meant to start a new thread.
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10 August 2010, 03:14 PM | #4 |
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There's no way they'd quit making SS models as their big earner. They would alienate themselves from their buying demographic and price themselves out of public's reach.
SS is here to stay IMO.
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10 August 2010, 03:19 PM | #5 |
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If this were true my next watch would not be a Rolex as I do not like gold watches or even TT for that matter. SS simply can not go anywhere!
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10 August 2010, 09:22 PM | #6 |
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Makes no sense whatsoever. In the middle of a recession worldwide.
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10 August 2010, 09:27 PM | #7 |
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10 August 2010, 09:43 PM | #8 |
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WOW!! I agree with all of you but do you think the AD could be wrong. They are usually always right but hey maybe they will be wrong for the first time. LOL
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10 August 2010, 10:17 PM | #9 |
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I'm calling AD
No way Rolex drops back on SS. |
10 August 2010, 10:20 PM | #10 |
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I doubt this will happen, but there is more margin in the Gold and Plat models than in the SS.
-Eddie
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10 August 2010, 10:23 PM | #11 |
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AD's seem to be the last to know. I doubt this very much.
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10 August 2010, 10:25 PM | #12 |
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Paul, in my experience ADs say some of the stupidest things on the planet. Rolex will never scale back the SS models - they are the heart of the economic engine that is that corporation's business.
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10 August 2010, 10:31 PM | #13 | |
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10 August 2010, 10:42 PM | #14 |
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ADs have a very very very poor record of talking sense with regard to these matters.
I can see them trimming the AD network but not cutting back SS models. All they ever need to do is up the SS prices closer to the TT models and make the extra money that way. It's a dangerous game they are playing, even now. Rolex is a strong strong brand but there will come a time when the brand suffers due to such obvious poor value for what you actually get.
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10 August 2010, 10:59 PM | #15 |
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ADs in my area always seem to be the first to know bad rumors and the last to know what's really going on.
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10 August 2010, 11:16 PM | #16 |
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Your AD employee has no idea what he/she is talking about. Why would any company shoot themselves in the foot?
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10 August 2010, 11:28 PM | #17 |
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The alternative viewpoint is that Eddie is right, the markup on precious metal watches is enormous. If they bring the SS prices closer to precious prices, it may tempt more people to go all in and buy the precious. Also, if there truly is a cut-back in the SS production, those prices will rise and perpetuate the first sentence.
I agree, ADs are full of usually; however, there is a strong argument for this to actually happen. Remember, Rolex has been increasing prices EVEN in and during the economic crash. I'm not saying I like it, but it wouldn't surprise me.
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10 August 2010, 11:35 PM | #18 | |
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10 August 2010, 11:45 PM | #19 |
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Sure! The majority of their customers are NOT WISs like us, they're the uninformed impulse buyers that buy what looks pretty to them. This makes buying gold a better 'feeling' than SS for them. Also (and I suppose a more minor reason) is that Rolex probably bought lots of gold in the $700-$900 range, but can now price it at the $1100 - $1300 range in their watches. A small, but nice paper profit. Can't really do that with SS watches.
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10 August 2010, 11:59 PM | #20 |
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I think AD's sometimes make things up, just to spur buying interest. The psychology in this case, may be that you were looking at a SS model, and the AD cooked up a story to get you to pull the trigger (i.e. Rolex is going to run out of SS models and the prices are going to go sky-high, so you better get one while you can!)
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11 August 2010, 12:16 AM | #21 |
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I really don't see how a steel subs can be described as 'bread & butter' when you have to sell 10 of them to make the same bucks as one a precious metal jewel-encrusted blingfest.
The economy argument is also specious as its not affecting the high end like its affecting main street. In the end, any big corporation will make these decisions based how how it affects the bottom line and not its popularity amongst a small market share. I was recently in Macau cruising the many pawn shops looking at preowned Rolexes. Hard to find any steel subs amongst all the glitzy golds and diamonds. Look at ebay and the number of steel subs compared to the flash. I hope the AD is wrong, but I wouldn't be surprised at all. |
11 August 2010, 12:20 AM | #22 |
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Your dealer is on crack... With the current economy, most people are looking to camouflage their money and the subdued SS models are more popular than ever . Its o.k if your successful as long as you dont look like you are.
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11 August 2010, 12:27 AM | #23 |
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My AD said I could mow his lawn and get a free SS, model of my choice
They're so full of shite
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11 August 2010, 01:00 AM | #24 | |
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Just a thought -
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11 August 2010, 01:05 AM | #25 |
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Oh and Toyota is cutting back on the camry as well!!!!!!
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11 August 2010, 01:12 AM | #26 | |
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I totally agree with you. I wear my Serti Sub with great pride and respect. There is bizarre movement that many feel any show of wealth is unfashionable. God forbid I make a profit in todays economy. I guess I am a capitalist tool.
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11 August 2010, 01:18 AM | #27 |
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I smelled BS when the comment was made, but then looked at the inventory.
There was plenty of gold in the showcase. The flip side was all of the new stainless steel models could be reduced in theory to force a gold model purchase if you wanted one new. I doubt it, but it is marketing |
11 August 2010, 01:20 AM | #28 |
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Not sure I buy what he's selling lol
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11 August 2010, 01:53 AM | #29 |
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I agree. That would be C-R-A-Z-Y...
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11 August 2010, 01:56 AM | #30 | |
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